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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: nspolar who wrote (10512)11/6/2008 3:35:27 PM
From: Stoctrash  Read Replies (1) | Respond to of 33421
 
Scary yes....selling the fact (election) still works though,,,
.... so somethings are still holding true.

(long QID here, a few CHK calls and cash)



To: nspolar who wrote (10512)11/13/2008 11:36:54 PM
From: John Pitera  Read Replies (1) | Respond to of 33421
 
Libor - OIS coming down nicely

bloomberg.com

TED spread coming back into orbit as well

bloomberg.com

SPX has gotten very close to the Lows of 2002 -2003.

on a daily chart today was a technical breakdown from a bearish descending triangle, yet just at the point that TA would have us piling on to the short side the market reversed and ended up on the day.

I have to put that in the camp of the market rallying on bad news. When this happens could the lows for 2008 in equities be identified? very very likely.

We are going to see a large portion of fortune 500 companies have earnings experiencing a "reprieve from death" due to our "now cheap" relatively speaking energy costs.

John.